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i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and august. we are seeing the pmi is down. importantly, europe is moving in to a recession. germany is now in recession and china is not doing its stimulus. you have a coordinated global slow down starts now and i think it is going to get worse. the reason is the pressure coming from the tax increase. businesses don't want to make a decision in the face of that much uncertainty and my view is the fed is actually contraction their. the more bonds the buy, the slower the economy goes. >> larry, i think david makes good points about global,
i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and...
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Sep 27, 2012
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>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in recession. asia has slowed down. global growth is slower than most people anticipated at the beginning of the year. the question i think for the u.s. is twofold. it would be that the u.s. is a winner in that game where we get the flight to safety, lower interest rates here and we do well through that. or it could be that global growth drags down the u.s. and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >
>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in...
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Sep 27, 2012
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and as soon as that fell away, as soon as people started to think that the economy was doing artonkt this was about policies for the future and not just about a referendum on the past, he's found himself adrift in terms of what the message is he wants to hue to and he does feel as though this is a base election and he needs to stir up the republican base, an he doesn't he the kind of natural connection to that base that se ofis -an o lethrt some of the people he ran against and some of whom he didn't run against, have. >> is that true, mark, that the only requirement to run for the republican -- to be the republican nominee this year looked like several months back just not be obama, just be a republican, and it's gotten hebecae sow,be us tli sech in charlotte or what economic numbers slightly changing perhaps, you have to make a bigger case than i'm just not obama. >> well, i think that the case which they did athe republican convention in what turned out to atesou t nex mark, w tohink four years will be better for you than the first four years of an obama presidency? i think that t
and as soon as that fell away, as soon as people started to think that the economy was doing artonkt this was about policies for the future and not just about a referendum on the past, he's found himself adrift in terms of what the message is he wants to hue to and he does feel as though this is a base election and he needs to stir up the republican base, an he doesn't he the kind of natural connection to that base that se ofis -an o lethrt some of the people he ran against and some of whom he...
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Oct 2, 2012
10/12
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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any d
they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just...
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Sep 27, 2012
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>> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier environment? environmentalist says fracking boom is the cause of lowest carbon dioxide emissions in 20 years. he is here next to explain. fascinating stuff. >>> dire situation for many states. state workers are still making more money than people in the private sector. we have details from a revealing new report. more "money" coming up. ♪ . looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits.
>> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier...
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Sep 29, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> welcome to "hardball." after initially urging him to drop out. more an more republicans are endorsing todd akin. bond and other top republicans weeks ago urged him to get out of the race says r saying these comments were disqualifying. >> it seems to me, first of all, from what i understand from doctors, that's really rare. if it's a legitimate rape, the female bodies has ways to try and shut that whole thing down. >> that sounds like a crack pot there. after the deadline passed this week, the republicans have seemed to drop their denunciations. and now groups that vowed to never give him another penny are now hinting they're c
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> welcome to "hardball." after initially urging...
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Sep 26, 2012
09/12
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economy. they are trying to squeeze it to use quantitative easing to help asset prices mostly in stocks. what happens is the distortions are going into the second derivative. it gets very difficult to tell risk on risk off what's real, what's memorex. simply the issues in europe are the poster child. the u.s. has similar ones but the issues are running much ahead of the cure or medicine. the deterioration in the economic horizons, whether france is moving into recession, spain moving into junk in terms of ratings agencies. those are real world economic fundamentals causing the treasury market and the safe harbors to reprice again. what's fascinating is if you look at a chart today we had new home sales. wasn't a bad number. best since basically 2010. if you go back to 2000 and look at the chart, all of 2004 and 2005 was above one million annualized units. the fundamentals near term are improving but in the big picture they're not. now you look at the chart of ten years. we are at a three-week
economy. they are trying to squeeze it to use quantitative easing to help asset prices mostly in stocks. what happens is the distortions are going into the second derivative. it gets very difficult to tell risk on risk off what's real, what's memorex. simply the issues in europe are the poster child. the u.s. has similar ones but the issues are running much ahead of the cure or medicine. the deterioration in the economic horizons, whether france is moving into recession, spain moving into junk...
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Sep 28, 2012
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then it will happen, romney will deliver a prerehearsed sound bite, something about the economy. he said you do but hasn't. he expects the president to dep fend himself and when he does, romney will pounce. he will say that obama's not running against bush and get obama to pass the buck on the tough economic recovery and then land his sunday punch. i suppose president obama knows this is all coming and is preparing to deal with it. the good news is this. a month ago, all his rival had to say was that obama's done his best. he got his stimulus, health care program and here we are. i think that might have nailed him a month ago but something's changed. it could have been something as definite as bill clinton's speech but people don't feel stuck like they did. they think all we need is some other president. that's romney's problem and it's a big one. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >> thanks, chris. and thanks to you for tuning in. tonight's lead, can we predict who will win the election? and to help answer the
then it will happen, romney will deliver a prerehearsed sound bite, something about the economy. he said you do but hasn't. he expects the president to dep fend himself and when he does, romney will pounce. he will say that obama's not running against bush and get obama to pass the buck on the tough economic recovery and then land his sunday punch. i suppose president obama knows this is all coming and is preparing to deal with it. the good news is this. a month ago, all his rival had to say...
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Oct 2, 2012
10/12
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>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard governor gilmore and in your opening, you basically said okay the economy is not as bad as you think. what i want to hear is what you and president obama would do in a second term. what positives would you put into place? >> we do need a jobs bill. someone said that the recovery bil
>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up...
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Sep 28, 2012
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poll by "the washington post" and the kaiser family foundation shows that medicare trails only the economy as the top voting issue in the swing states of florida, ohio, and virginia. and among voters who say medicare is extremely important to their vote, obama swamps romney by, get this, 13 points. when voters in those states were asked a similar question, woman they trusted to deal with the medicare program, obama again trumps romney in all the polls. in ohio obama leads romney on medicare by 19. in florida, 15. in virginia, 13. other polls have shown president obama's advantage on medicare has grown significantly since ryan joined the ticket. so let's go back to this again, trying to figure this out. he bought into a guy who was known primarily for this voucher plan, getting rid of medicare as we know it. basically go to a doctor and the bills are paid by medicare. you can't beat a system like that, joy ann, i don't think on this planet earth and have something paid for when you go to do it. there's nothing like it. >> and -- >> why would anybody want to change it? nobody would want to c
poll by "the washington post" and the kaiser family foundation shows that medicare trails only the economy as the top voting issue in the swing states of florida, ohio, and virginia. and among voters who say medicare is extremely important to their vote, obama swamps romney by, get this, 13 points. when voters in those states were asked a similar question, woman they trusted to deal with the medicare program, obama again trumps romney in all the polls. in ohio obama leads romney on...
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Sep 28, 2012
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then it will happen, romney will deliver a prerehearsed sound bite, something about the economy. he said you do but hasn't. he expects the president to dep fend himself and when he does, romney will pounce. he will say that obama's not running against bush and get obama to pass the buck on the tough economic recovery and then land his sunday punch. i suppose president obama knows this is all coming and is preparing to deal with it. the good news is this. a month ago, all his
then it will happen, romney will deliver a prerehearsed sound bite, something about the economy. he said you do but hasn't. he expects the president to dep fend himself and when he does, romney will pounce. he will say that obama's not running against bush and get obama to pass the buck on the tough economic recovery and then land his sunday punch. i suppose president obama knows this is all coming and is preparing to deal with it. the good news is this. a month ago, all his
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Sep 29, 2012
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i think it's sticking out because the obama campaign has worked to make sure what kind of economy romney believes in, how he made his money, what his model was, how he's hurt a bunch of workers and has never done anything for the middle class. the timing of it matched up with the way the campaign has put him out in front of the country. you couldn't write a better script for the obama team. >> you'd be hard pressed. i think there's a reason for it. when a candidate fits his stereotype, then all of the efforts he makes to undo it just don't work. and then i think there is a second component and that is that he selected as his running mate paul ryan. paul ryan, someone who is passionate about deconstructing comments of the 47%. >> has romney's campaign done a good job of responding to the criticism? >> he first comes out and says i stand by it basically. number one, that's bad. but then as he's tried to move away from it, he's ended up stumbling all over the place. the other day he was talking about showing empathy by doing health care reform in massachusetts, which simply reinforced that
i think it's sticking out because the obama campaign has worked to make sure what kind of economy romney believes in, how he made his money, what his model was, how he's hurt a bunch of workers and has never done anything for the middle class. the timing of it matched up with the way the campaign has put him out in front of the country. you couldn't write a better script for the obama team. >> you'd be hard pressed. i think there's a reason for it. when a candidate fits his stereotype,...
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>> we have to remember where the economy was at that point. there was thought that the market would go down to 3,000. there was a fear of actual collapse and i think what the president did is let's stabilize the economy. what's resonating in ohio and other places is his focus on manufacturing, on exports. people are respondsing to a sense that he has a long-term vision to what's going to make america economically competitive. i think what the president's strategy was is let's stabilize the financial system and then build a new strong foundation. >> but what does that vision -- part of the issue there, right, is there's the vision in the future which he talks about all the time and then there's the current problem and i think -- i felt sometimes a little lack of urgency coming out of washington about the jobs crisis and even in terms the way the president talks about the present from the white house itself in terms of talking about jobs. >> well, i think that the president if you look at what they did with the small business administration, wit
>> we have to remember where the economy was at that point. there was thought that the market would go down to 3,000. there was a fear of actual collapse and i think what the president did is let's stabilize the economy. what's resonating in ohio and other places is his focus on manufacturing, on exports. people are respondsing to a sense that he has a long-term vision to what's going to make america economically competitive. i think what the president's strategy was is let's stabilize...
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Oct 3, 2012
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make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign st
make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany....
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Sep 29, 2012
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd#: 1-800-345-255
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#:...
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Sep 26, 2012
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they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any particular confidence. if you're a businessman, you're the labor demand. you're not going to hire anybody without knowing. you're going to wait if you can. most of them can wait. it's just going to get worse. >> all right. gentlemen, thank you both. it is one of the real thorny issues of our time right now as we head toward the election. former credit investment banker was reportedly arrested earlier today by london police. u.s. authorities are criminally charged him back in february alleging he and two other creditors conspired to inflate the value of mortg
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any...
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Oct 1, 2012
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economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
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Sep 29, 2012
09/12
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he is -- got a socialistic view on the, you know, the economy, the government, the whole nine yards. um, if he had his way, we would be a socialistic country. okay, really do. pay attention to fox news. >> a volunteer for the clay county republican party in florida made a series of calls on behalf of her preferred candidate. one of those calls got caught on an answering machine and got played on a local radio station and that got into the st. augustine record and got picked up on gawker and now this is part of the romney campaign messaging, too, just like the yacht thing. the leader of the organization said the volunteer was off script while making those remarks. you think? joining me is chris hayes. thank you for being here. i want to ask you about the obama care decision specifically. so romney decided to run as the most anti-obama care guy in the whole world for most of the primaries. starting last month he started to shift and say i'm glad to be known as the grandfather of this. this is one of the ways i want you to know i was a compassionate person because i did romney care in m
he is -- got a socialistic view on the, you know, the economy, the government, the whole nine yards. um, if he had his way, we would be a socialistic country. okay, really do. pay attention to fox news. >> a volunteer for the clay county republican party in florida made a series of calls on behalf of her preferred candidate. one of those calls got caught on an answering machine and got played on a local radio station and that got into the st. augustine record and got picked up on gawker...
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Sep 28, 2012
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the most important issues are jobs, economy, how you're going to get this economy moving again. so i think on both sides, this has become a false debate over should we tax or should we not tax the wealthy. i think it really takes the focus off the bigger issue, which wealthy voters are really looking at. maybe raise their taxes, maybe not. that's not even what's important for the wealthy themselves. what's important is how to grow again. >> and how do you grow when you're facing $16 trillion in debt? you have to make tough decisions like the entitlements. >> free cell phones. >> give them free cell phones. >> back to the tax question. i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who
the most important issues are jobs, economy, how you're going to get this economy moving again. so i think on both sides, this has become a false debate over should we tax or should we not tax the wealthy. i think it really takes the focus off the bigger issue, which wealthy voters are really looking at. maybe raise their taxes, maybe not. that's not even what's important for the wealthy themselves. what's important is how to grow again. >> and how do you grow when you're facing $16...
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Sep 27, 2012
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [...
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Oct 4, 2012
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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Sep 28, 2012
09/12
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rooted in the belief that growing our economy agait with a strong, thriving middle class. read my plan. d de yelit to governor romnes thanks for listening. >> the president introduced the theme of economic patriotism into his stump speech at a campaign event in virginia today. >> during campaign season, you always hear a lot about patriotism. well, you know what? it timfor new on patism. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> this is a new line in the president's campaign speech. it's not simply a call for policies and programs to support thddla it's a contrast with his opponent. the contrast is on full display in another ad using mitt romney's own words. >> there are 47% of the people who will vote for the president no matter what, who are dependent upon govnment, who lithretiwh believes government has a responsibility to care for them, who believe they're entitled to health care, food, housing, you name it. they'll vote for the president no matter what. my job is not to worry about these peo
rooted in the belief that growing our economy agait with a strong, thriving middle class. read my plan. d de yelit to governor romnes thanks for listening. >> the president introduced the theme of economic patriotism into his stump speech at a campaign event in virginia today. >> during campaign season, you always hear a lot about patriotism. well, you know what? it timfor new on patism. an economic patriotism rooted in the belief that growing our economy begins with a strong and...
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Sep 27, 2012
09/12
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i want you to help get the economy going. we need to get jobs and deliver affordable health care in an efficient manner. >> as a devout -- i'm a nut cake giants fan. but you have run an amazing franchise down there. >> thank you. >> you have truly run an amazing franchise. i hope the giants beat the patriots twice or three times this year, but you've been a fabulous owner. >> they've been pretty good at beating us. they're a great franchise. and before the patriots were created in 1960, i was a giant fan. that's who i used to watch. >> great stuff. thank you. robert kraft, thank you, sir. you're wonderful to come out here. i appreciate it. very old and dear friend. coming up, we'll play where's obama. no, not where's waldo, where's obama. every world leader is meeting at the u.n. this week and our president has not met with a single one of them. it's an outrage. i think mitt romney is a fool if he doesn't jump on this issue. that's next up on the "kudlow report." tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#:
i want you to help get the economy going. we need to get jobs and deliver affordable health care in an efficient manner. >> as a devout -- i'm a nut cake giants fan. but you have run an amazing franchise down there. >> thank you. >> you have truly run an amazing franchise. i hope the giants beat the patriots twice or three times this year, but you've been a fabulous owner. >> they've been pretty good at beating us. they're a great franchise. and before the patriots were...
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Sep 29, 2012
09/12
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he is -- got a socialistic view on the, you know, the economy, the government, the whole nine yards. um, if he had his way, we would be a socialistic country. okay, really do. pay attention to fox news. >> a volunteer for the clay county republican party in florida made a series of calls on behalf of her preferred can't. one of those calls got caught on an answering machine and got played on a local radio station and that got into the st. augustine record and got picked up on gawker and now this is part of the romney campaign messaging, too, just like the yacht thing. the leader of the organization said the volunteer was off script while making those remarks. you think? joining me is chris hayes. thank you for being here. i want to ask you about the obama care decision specifically. so romney decided to run as the most anti-obama care guy in the whole world for most of the primaries. starting last month he started to shift and say i'm glad to be known as the grandfather of this. this is one of the ways i want you to know i was a compassionate person because i did romney care in my st
he is -- got a socialistic view on the, you know, the economy, the government, the whole nine yards. um, if he had his way, we would be a socialistic country. okay, really do. pay attention to fox news. >> a volunteer for the clay county republican party in florida made a series of calls on behalf of her preferred can't. one of those calls got caught on an answering machine and got played on a local radio station and that got into the st. augustine record and got picked up on gawker and...
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Oct 2, 2012
10/12
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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Sep 30, 2012
09/12
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what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing is back a boon in ener. that could be a real wild card for us because low-cost energy dependence should be a goal, and consumers have paid down a lot of debt. the bad side of the ledger is there is increasing debt at the state and federal level. if you think back, in 1982, there was a large outcry when the national debt passed 1 trillion. we are now netting 1 trillion per year. it's close to 16 trillion adding 1 trillion per year. soon the interest on the debt could equal the whole debt since 1982 when you and i were here. i think it's a solvable problem, though. simpson bowles goes a long way to solving that, and i'm hoping the next president will address that. the president can only do so much. we've got to get the congress together to get the deficit down. you have a road map there i
what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing is back a boon in ener. that could be a real wild card for us because low-cost energy dependence should be a goal, and consumers have paid down a lot of debt. the bad side of the ledger is there is increasing debt at the state and federal level....
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the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan will kill 700,000 jobs. i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> okay. >> mr. president. >> well, we've had this discussion before. >> well, in order -- about the idea to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and balanc
the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan...
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Sep 28, 2012
09/12
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obama has advantages over romney on the economy and a range of issues. one thing that stood out in the poll is that a lot of voters didn't like how obama's handling the situation in libya. and the romney campaign sort of sees that as well which is why you see them hitting obama so hard on this lately. but there is still a problem here for romney. this is why the debates are so important. romney wants to change the fundamental structure of this race with this debate coming up next wednesday. remember, over 50 million people watched the first presidential debate in 2008. this is going to be a big moment coming up next week, fred, for mitt romney. >> well, let's shift to the u.s. senate and how pivotal any race could be. the democrats have a six-seat majority, but they're defending 23 seats in the election, with republicans defending just 10. so what would give the republicans a pretty good shot at seizing a 51-seat majority, but they also have a big problem and that is that race in missouri. >> yes. that race in missouri between todd akin, he of legitimate
obama has advantages over romney on the economy and a range of issues. one thing that stood out in the poll is that a lot of voters didn't like how obama's handling the situation in libya. and the romney campaign sort of sees that as well which is why you see them hitting obama so hard on this lately. but there is still a problem here for romney. this is why the debates are so important. romney wants to change the fundamental structure of this race with this debate coming up next wednesday....
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Oct 4, 2012
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any other economy and that will show up at earnings. >> ed, how much of today, if any, do you think is due to the perception that governor romney may have improved his standing at the first debate? >> i don't know. there's a lot of controversy about that. i've seen people argue that the rally we've had in the past couple of months reflects that obama might win, figuring that the market, you know, prefers dealing with somebody we know rather than somebody we don't know. i mean there's a lot of interpretations here, and obviously there are a lot of political color to all of this. look, i think that, you know, romney won last night. it isn't just that he won. obama lost with his performance. it brings him back as a credible candidate and he might win all of a sudden, whereas right before the elections everybody sort of wrote him off. so we have to look alt his policy proposals, and obama attacked romney for not having any, but actually on the fiscal side, he's getting pretty specific about favoring a cap on tax loopholes, and i think that's a great idea. i think it would, in fact, gene
any other economy and that will show up at earnings. >> ed, how much of today, if any, do you think is due to the perception that governor romney may have improved his standing at the first debate? >> i don't know. there's a lot of controversy about that. i've seen people argue that the rally we've had in the past couple of months reflects that obama might win, figuring that the market, you know, prefers dealing with somebody we know rather than somebody we don't know. i mean...
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Oct 3, 2012
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the economy, the whole system was on the verge of collapse. the stock market was down in the 6,000s. and obama made two decisions. one was to prop the thing up and keep it going in alliance with other countries around the world and literally saved the fortunes of a lot of these people. but he made a second decision. there were progressives who thought we should have asked more questions about how did we get into this mess in the first place and president obama didn't go there because his advisers were worried if you push the system too hard, it might collapse. and so here are folks whose fortunes were saved in significant part by the president's policies and they are complaining because he doesn't say thank you to them. it's very strange. >> these guys got exactly what they wanted and just won't admit it. let's play more sound from sam zell. >> we need leadership, not criticism. until that scenario changes, i think the united states is, quote, unquote, and i hate to use this word, in a malaise. >> what the hell is he talking about? he's being
the economy, the whole system was on the verge of collapse. the stock market was down in the 6,000s. and obama made two decisions. one was to prop the thing up and keep it going in alliance with other countries around the world and literally saved the fortunes of a lot of these people. but he made a second decision. there were progressives who thought we should have asked more questions about how did we get into this mess in the first place and president obama didn't go there because his...
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Oct 4, 2012
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it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could be seen as an economic downgrade and not have a positive economic impact. they also said they prefer economic factors to calendar dates. sounds easy, right? no. because they can't agree on whether to use numerical targets and what they should be. they're discussing th ining the discussing these numeric targets. >>> that's a lot of information to process. we're going to do what we are calling the fed minutes in a minute. you have 60 seconds to break it down, pull out the nuggets that we need to know about and that are going to move the markets. your time
it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could...
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Oct 4, 2012
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you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me a quickie. >> i think you said it best, larry, when you said that the president's clock was politely cleaned. it was very -- it was visceral. it was in the room. it was clear that the president wasn't on his a game at all. you could see anytime his body language. yo
you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was...
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the economy? >> we're not going to be legalizing weed anytime soon. >> one question is whether this a amendment will drive some of those voters to support gary johnson, the former republican governor of new mexico, who is a strong advocate. >> look, t it's a domestic issu. i know this isn't the first high propro file attempt to legalize marijuana, so what's the track record? >> it hasn't been good. most recently in california, in the 'tea party election of 2010, polls said this measure might pass. california looked like it was on the verge. went down to defeat on election day. it's a significant tale for folks especially in a state this dopely divided, but what's fascinated is this way this is being pitched. they're really trying to put schools forward on the issue. it's a different tactic than we've seen in the past. >> well, i can't wait till it comes up during the debate because i just bet that it will as it should. thanks very much. >>> ahead, three americans were killed in afghanistan today.
the economy? >> we're not going to be legalizing weed anytime soon. >> one question is whether this a amendment will drive some of those voters to support gary johnson, the former republican governor of new mexico, who is a strong advocate. >> look, t it's a domestic issu. i know this isn't the first high propro file attempt to legalize marijuana, so what's the track record? >> it hasn't been good. most recently in california, in the 'tea party election of 2010, polls...
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Oct 3, 2012
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yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not t
yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and...
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Sep 30, 2012
09/12
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what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing has moved back a little bit. we've had a boon in energy. so -- and consumers have paid down a lot of debt. the bad side is there's an increasing government debt at the state and federal level. if you think back in 1982 this was a large outcry when the national debt passed 1 trillion. we're now adding 1 trillion per euro. soon the interest of the national debt could equal the whole amount in 1982 when you and i were here. i think it's a huge problem and a real problem. i'm hopeful that when the government forms that cob will address this problem. we've had such a polarized cob. that's part of the whole problem. the president can onto do so much. 've got to get congress in involved. the roadmap doesn't cut it down entirely. what i love about bain capital, we had republicans, democrats. re
what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing has moved back a little bit. we've had a boon in energy. so -- and consumers have paid down a lot of debt. the bad side is there's an increasing government debt at the state and federal level. if you think back in 1982 this was a large outcry when...
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Sep 28, 2012
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economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in below 50 it often means we're heading into recession. let's ask dan greenhouse, and with us senior vice-president of the chase mid cap growth fund. dan, i would like to start with you first of all. as we can see, the economic numbers appear to be take a turn for the worst. and yet your not totally convinced that the stock market rally is over. is that a fair play? >> well, it is. it's important to remember that the u.s. stock market is not u.s. gdp. certainly in the short term if not the medium term. i would m
economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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Oct 3, 2012
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we don't want a stagnant economy that fosters dependency. >> sometimes the point doesn't get made the right way. jonathan, he sure didn't make it the right way. he says about the 47%, let's help them get jobs. so he thinks the 85-year-old widow who does not pay federal income tax needs to get a job. this was a chance for him to reach out, identify that 47%, and show that he knows what they are struggling with, including making their own pay roll taxes that the people with jobs have to pay that are very significant things taken out of their paycheck. no understanding whatsoever of the 47% demonstrated by paul ryan. >> lawrence, no understanding and no empathy. i mean, it's not like the 47% aren't paying taxes at all. there's sales taxes and state taxes and all sorts of other fees and levies that folks in the 47% pay. and the other thing is you mentioned, you know, it's not just the worker who doesn't make enough in order to qualify to pay federal income taxes. but what about the senior citizen who is on social security or medicare? what about the veterans who are coming back from their
we don't want a stagnant economy that fosters dependency. >> sometimes the point doesn't get made the right way. jonathan, he sure didn't make it the right way. he says about the 47%, let's help them get jobs. so he thinks the 85-year-old widow who does not pay federal income tax needs to get a job. this was a chance for him to reach out, identify that 47%, and show that he knows what they are struggling with, including making their own pay roll taxes that the people with jobs have to pay...